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Bitcoin Transforms into Capital Markets Ecosystem

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Bitcoin is undergoing significant changes as it evolves into a capital markets ecosystem, according to Scott Melker. TD Cowen views Bitcoin as transitioning from an asset to a complete capital markets system.

This evolution suggests increased integration of Bitcoin into broader financial markets. As evidence, Cardano has become the public proof layer for Blockforce's traceability platform, supporting 500,000 onchain records. Additionally, Robinhood CEO Vlad Tenev has called for tokenization to widen access to financial assets.

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